Quote from: fillippone on March 23, 2022, 11:14:09 PM

Quote from: spy100 on March 23, 2022, 04:52:01 PM

I heard a rumor that OPEC will go 300 USD / barrel this year ,what do you think ?

Highly unlikely. The only scenario where I see this happening is in case of an European ban from Russia Oil.
This would send the Brent/WTI barrel to the moon because of Europe should anyway buy the displaced Russian oli elsewhere.

As an European, I do hope this scenario will never materialize.

I'm also afraid of this scenario, there are rumors of that Europe was having discussion in order to ban Russian imports. It would be the worst case scenario, it would send oil to the moon. Europe is importing 3 million barrels per day, that's a huge number that can't be replaced if lost.